AUCKLAND.

Thames Star, Volume VII, Issue 2590, 26 April 1877, Page 2

AUCKLAND.

This day. The thirty-first half-yearly meeting of the Bank of New Zealand was held to-day —Df Logan Campbell in the chair. The. report and balance-sheet were unanimously adopted. ,The following was the report:—The net profit at the 31st of March, after making ample provision for every debt considered bad or doubtful; for reduction of Bank premises and furniture, amounts to £61,687 9s; to which is to be added the amount received as premium on shares issued to the shareholders of the Fiji Banking Company, ; and balance of undivided profit on 30th September last, 438634 19s lid; making the total available for division £87,822 8s lid. The following appropriation is now recommended: Payment of dividend at the rate of 10 per cent, per annum, £36,250; bonus of 5s per share, £18,125; total for division, £54,375; addition to reserve fund, £25,000; balance carried forward to next half-year, £8,447 83 lid. The bank capital now stands at £725,000, and reserve fund, £275,000; total, £1,000,000. The dividend and bonua will be payable at the head office, Auckland, on Monday the 30th of April, and at the branches on receipt of advice.